SWS: Adult joblessness up in the third quarter

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Metro Manila (CNN Philippines, November 11) — An estimated 9.8 million adults are jobless in September, according to the latest independent survey by the Social Weather Stations (SWS).

This puts the adult joblessness rate at 22 percent, higher than the 19.7 percent recorded in June.

The SWS defined joblessness as “(a) those who voluntarily left their old jobs, (b) those who lost their jobs due to economic circumstances beyond their control, termed as the retrenched, and (c) those seeking jobs for the first time.”

Among those who have reported jobless, around 4.1 million of them have lost their jobs involuntarily, either through non-renewal of contract, being fired or because their employers closed operations.

Some 3.7 million adult Filipinos have left their jobs while the remaining 2 million are first-time job seekers.

Joblessness is highest in Metro Manila, followed by Balance Luzon, Mindanao, and Visayas respectively. More women are jobless than men.

It also remains highest in the 18-24 year old age group, and among the self-rated poor.

Nevertheless net optimism on job availability remains high at +24 points, as Filipinos expect more jobs to be available in the next twelve months.

The survey was conducted from September 15-23 through face-to-face interviews with 1,500 adults: 600 in Balance Luzon and 300 each in Metro Manila, Visayas and Mindanao.

It has a sampling error margin of ±3% for national percentages,

±4% for Balance Luzon, and ±6% each for Metro Manila, Visayas, and Mindanao